Waterland Private Equity (Waterland) has acquired RUF|Betten and BRUNO, a supplier of premium beds in the German market, from NORD Holding.
RUF and BRUNO’s current management will remain with the companies in their usual function.
The transaction is expected to be completed in the first quarter of 2022 and is subject to the usual antitrust approval by the German regulatory authorities. No further financial details have been released.
The annual turnover of the group amounts to EUR60 million. With the support of the new owner and buy-&-build investor Waterland, the group intends to continue its successful growth trajectory and further accelerate it in the medium term through strategic acquisitions. The focus is on continued internationalisation as well as the expansion of the direct-to-consumer division.
